The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.

In order to facilitate the sale of the subsidiaries in the Balkan region, Hypo Group will bundle the affiliates and the leasing units in Slovenia, Croatia, Bosnia, Serbia and Montenegro. At the beginning of September, the European Commission extended the sales period for two more years. As a result, the SEE-holding should be liquidated until 2015. Initially, the European Commission…